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i don't think it's in either party's interest to have massive tax hikes go in as planned. it will be dealt with. the economy will avoid a recession. congress and washington in general is not that irrational. >> so many head winds. in your view, bottom line, is the u.s. still the best house in a bad neighborhood? what should investors be doing? >> one should not panic. start to take money out of the bond portfolios that have been seeing massive inflows. perhaps some of the more cyclical names, move away from the dividend player that is are rich. the u.s. is the best house in the bad neighborhood. the good news is historically the u.s. has done well and grown even if the rest of the world economy is sort. low gdp. if we can get spark and resolution in the cliff, we'll do that. companies are in a position to spend and consumers need to buy things that they haven't spent much on. the outlook is still good. you should be allocated toward equities. >> joe, good to see you. thanks for joining us. >> my pleasure. >> back to maria with the rest of the program. >> thanks, bill. up n
i don't think it's in either party's interest to have massive tax hikes go in as planned. it will be dealt with. the economy will avoid a recession. congress and washington in general is not that irrational. >> so many head winds. in your view, bottom line, is the u.s. still the best house in a bad neighborhood? what should investors be doing? >> one should not panic. start to take money out of the bond portfolios that have been seeing massive inflows. perhaps some of the more...
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it is a progressive way of taxing. it is most stimulus thing you can do for the economy. >>> i don't get it give me the addition. why is that going to create more wealth? and spread it around? >> that's right. because you will increase the real incomes of the middle class of america. >> why? because they are going to have better jobs? >> no they'll have lower tax rates and less deductions, okay? that is the way it will average out. and they will be willing to spend, the same thing would be true of business. they would lose a lot of their deductions but they'll have lower rates. if you saw the numbers, okay, there is 1 frillian 12 libyan billion dollars that comes out of the tax revenue and 1 trillionian 1 lune hundred billion dollars that comes out of the legislation. >>> the elimination of the loophole, so to speak, the deduction, legitimate deductions, eliminates those. >> what loopholes? >> that takes care of the middle class. that will be spread out. >> revenue neutral. >> not bad. what is wrong with that. >> gover
it is a progressive way of taxing. it is most stimulus thing you can do for the economy. >>> i don't get it give me the addition. why is that going to create more wealth? and spread it around? >> that's right. because you will increase the real incomes of the middle class of america. >> why? because they are going to have better jobs? >> no they'll have lower tax rates and less deductions, okay? that is the way it will average out. and they will be willing to spend,...
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rate. >> the 20% tax rate i think the people will understand that is a broad principle that that tax rate needs to come down and we need to broaden the base. that is the principle. also that we are not going to change the share of taxes paid by upper income earners and we will give tax relief to the middle class and going to be deficit neutral. you can do all those things and have people understand this election was about this and we need this kind of progrowth tax reform agenda and work out the details in the same way ronald reagan did with tip o'neill with working across the aisle. governor romney has a proven record of being able to work across the aisle. >> chris: there are a lot of questions from independent people how do you pay for it and you refuse to say how you will pay for it? >> we will pay for it by eliminating deductions and loopholes and making sure for the middle class that protecting the home mortgage deduction and other important deductions for them but at the high end you would eliminate deductions and a lot of special interest loopholes that would allow you you to
rate. >> the 20% tax rate i think the people will understand that is a broad principle that that tax rate needs to come down and we need to broaden the base. that is the principle. also that we are not going to change the share of taxes paid by upper income earners and we will give tax relief to the middle class and going to be deficit neutral. you can do all those things and have people understand this election was about this and we need this kind of progrowth tax reform agenda and work...
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Oct 14, 2012
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we have a massive tax increase, a repeal of the bush tax cuts, have the social security tax that is reenacted for employees of 2%. we have the over trillion dollar spending issue. it is about 5% of our economy. neil: what you think the market is doing? >> i am very concerned about what the market is doing. when you look at stock prices today, the fiscal cliff is not yet built. neil: they don't even see that as a possibility. the closer we get, the more they start getting antsy and. >> again, i'm very concerned about that. antsy for sure. and i don't think that we are going to get a lution to this thing, certainly before the end of the year. neil: so you don't even buy the six-month extension think? >> when we can stop looking at this thing in bits and pieces. this is not what leaders do. leaders are decisive. il: when it coms to the sequestration cuts that they agree to, they are trying to change the rules on that. >> i cannot disagree with you there, neil. but i would ask your audienceto think back to when barack obama was running for president. he ran as a uniter. he was going to make this
we have a massive tax increase, a repeal of the bush tax cuts, have the social security tax that is reenacted for employees of 2%. we have the over trillion dollar spending issue. it is about 5% of our economy. neil: what you think the market is doing? >> i am very concerned about what the market is doing. when you look at stock prices today, the fiscal cliff is not yet built. neil: they don't even see that as a possibility. the closer we get, the more they start getting antsy and....
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the tax man is coming to you. >> device for the bench of the beit. >> folks, use your common sense. who do you trust on this? a guy who introduced a bill that would raise its $6,400 a year, knowing it and passing it and romney said he will sign it were me and the president? >> did joe biden stock the romney wave? >> you're going to win? >> yes. >> the washington over benghazi. >> you ask him for the son, you'll get the stars. >> i hope the court rules that a student's race and ethnicity should not apply when applying to university. >> paul ryan got the edge in the vice-presidential debate. and an instant cbs will give it to joe biden. new york times said it was a debate with clarity and fervor, and the washington post -- the debate gave viewers a real boost. >> medicare and social zuccotti did so much for my own family. we will let jeopardize this -- medicare and social security did so much for my own family. we will not jeopardize this program. >> the bottom line is that people have to pay more money out of their pocket. >> talking points memo asked the question should obama suppor
the tax man is coming to you. >> device for the bench of the beit. >> folks, use your common sense. who do you trust on this? a guy who introduced a bill that would raise its $6,400 a year, knowing it and passing it and romney said he will sign it were me and the president? >> did joe biden stock the romney wave? >> you're going to win? >> yes. >> the washington over benghazi. >> you ask him for the son, you'll get the stars. >> i hope the court...
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proponents argue taxes from wider marijuana use would generate millions more for school construction. >> let's have marijuana tax money go to our schools rather than criminals in mexico. >> that argument falls flat with amie baca-oehlert, vice president of the colorado education association. baca-oehlert says legalizing marijuana contradicts the anti-drug message taught in schools. >> marijuana has impacts, negative impacts on attention span, brain development, all of these things that impact learning. >> reporter: colorado's governor and local law enforcement officials here worry about a potential conflict with federal law that makes possessing or growing marijuana a crime. >> jefferson county sheriff ted mink fears legallization will attract outsiders to grow here and sell to the rest of the country. >> i live in colorado most of my life and this is not what i think colorado is about, is to become the marijuana capital of the united states. >> reporter: state representative jonathan singer supports the idea of treating marijuana like alcohol. a former drug counselor, singer has seen
proponents argue taxes from wider marijuana use would generate millions more for school construction. >> let's have marijuana tax money go to our schools rather than criminals in mexico. >> that argument falls flat with amie baca-oehlert, vice president of the colorado education association. baca-oehlert says legalizing marijuana contradicts the anti-drug message taught in schools. >> marijuana has impacts, negative impacts on attention span, brain development, all of these...
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with this tax plan. >> what we're saying is lower tax rates 20%. start with the wealthy, work with congress to do it. >> you guarane this math? >> let's talk about the pressure that's on romney to try to give more specifics about how do you do that? what about that math? >> well, you know, there are a lot of numbers flying around, but the question really is very specific and easy to grasp. sit mathematically possible to do the three things that romney says he's going do on his tax plan? not raise the deficit and not reduce the share of taxes paid by the wealthy. the tax policy center which is an independent nonpartisan group has looked at the number and said those three things cannot be done at the same time, because if you cut taxes by 2 , 20%--so romney still has to explain how all of this would all add up without assuming an elevated level of economic growth which the congressional budget office does not do when they calculate a tax plan. so there's still that question on him and he has not fully answered it. and again, if the math is wrong, i t
with this tax plan. >> what we're saying is lower tax rates 20%. start with the wealthy, work with congress to do it. >> you guarane this math? >> let's talk about the pressure that's on romney to try to give more specifics about how do you do that? what about that math? >> well, you know, there are a lot of numbers flying around, but the question really is very specific and easy to grasp. sit mathematically possible to do the three things that romney says he's going do...
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it is a far more efficient tax system so it gets this huge waste, this coefficient cost, not a bad tax system, a legal system, uncertainty. you would have had better growth. i'd think it was four to one, or whatever it was, but close enough would have been good enough. it does not have to be exactly right. once. starting a down, it would pay for a lot. >> the united states has been now growing at roughly half of what you might call the modern historic rate of economic growth. we're growing in fiscal 2002, give or take. if you were advising the next president, be it obama or romney, to sayublicly here are the few things we should do in order to generate economic growth, one would obviously be some kind of comprehensive budget deal, but what else would be the -- on the jamie dimon list? >> america is a great country. the president should recognize one thing for certain. i think this attitude is just not true. we of the best military on the planet and we will four years. we have the most transparent capital markets in spite of what happened. investment, of capital, private equity. we have
it is a far more efficient tax system so it gets this huge waste, this coefficient cost, not a bad tax system, a legal system, uncertainty. you would have had better growth. i'd think it was four to one, or whatever it was, but close enough would have been good enough. it does not have to be exactly right. once. starting a down, it would pay for a lot. >> the united states has been now growing at roughly half of what you might call the modern historic rate of economic growth. we're...
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. >>> you can cut tax rates bay 20% and still preserve these preferences for taxpayers. >> it is not mathematically possible. >> it is mathematically possible. >> it's never been done before. >> it's been done couple times. jack kennedy lowers tax rates. >> now you are jack kennedy. >> that is one of more mild ones in the debate last tuesday. some critics are calling biden's performance mocking and bullying. so here is the question we're asking today. are these the qualities that americans want in the next leader? let's bring in our political panel, julie is here fox news contributor and dede is strategist and mary walters a radio talk show host. let's start with you. what kind of influence do you think this will have on the eventually election? >> here is the think. i think biggest influence this guy is one thing by the way from the nuclear code. she laughing about various issues, libya, people dying. it was really weird. it was kind of creepy. this guy jumped on the crazy train and never got it. did it did influence folks knowing this guy could be the president one day. >> heather:
. >>> you can cut tax rates bay 20% and still preserve these preferences for taxpayers. >> it is not mathematically possible. >> it is mathematically possible. >> it's never been done before. >> it's been done couple times. jack kennedy lowers tax rates. >> now you are jack kennedy. >> that is one of more mild ones in the debate last tuesday. some critics are calling biden's performance mocking and bullying. so here is the question we're asking...
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that of course creates more tax revenue. in essence, you have more revenue that could be used in the government. so what we're looking at is -- >> by the way, just -- the 12 million figure that you guys like to use, economists have said if no one does anything, 12 million jobs are going to be added over the next few years. to say that 12 million jobs is an incredible achievement. >> i would say it's incredible when you look at president obama's current stagnant economy, when you're only seeing the gdp growing at 1.2%. and less than 114,000 jobs are being created a month. i mean it's just been, the way president obama has worked, where he's not been able to work with congress, not been able to provide the leadership to really get this economy going. just shows he has a failed policy that hasn't worked. we're seeing that medium household incomes have dropped. not enough jobs, jobs are not being created at the rate they should be created. under his plan, it would cost 700,000 jobs. that's not the plan we need to have for americ
that of course creates more tax revenue. in essence, you have more revenue that could be used in the government. so what we're looking at is -- >> by the way, just -- the 12 million figure that you guys like to use, economists have said if no one does anything, 12 million jobs are going to be added over the next few years. to say that 12 million jobs is an incredible achievement. >> i would say it's incredible when you look at president obama's current stagnant economy, when you're...
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no new taxes. >> the difference between a hockey mom and a pit bull, lipstick. >> other ones, you got to depend on your candidate seizing a moment you didn't expect to happen. >> there you go again. >> most moments so far this election have been poorly phrased comments. >> if you've got a business, you didn't build that. somebody else made that happen. >> i like being able to fire people that provide services to me. >> they'll put y'all back in chains. >> the media call those gaffes, but often the media don't know. when ed musky lost the '072 primary because he looked like he teared up defending his wife, everyone said candidates can't career, because that's week, but then in 2008 hillary clinton cried. >> you know, i have so many opportunities from this country. >> she began to tear up. >> don't want to fall backwards. >> she showed being human. >> you know, this is very personal for me. >> pundits pounced. >> people perceive that as weakness. >> yeah, i think they will and they should. >> makes her look like her campaign is in trouble. >> the day before showed clinton 10 points behi
no new taxes. >> the difference between a hockey mom and a pit bull, lipstick. >> other ones, you got to depend on your candidate seizing a moment you didn't expect to happen. >> there you go again. >> most moments so far this election have been poorly phrased comments. >> if you've got a business, you didn't build that. somebody else made that happen. >> i like being able to fire people that provide services to me. >> they'll put y'all back in chains....
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. >> narrator: he had changed his rhetoric on gun rights, gay rights, climate change and the tax pledge. he lost in iowa, new hampshire and florida. just one month into the primaries, romney's campaign was over. >> i entered this race because i love america. i feel i have to now stand aside for our party and for our country. >> narrator: romney had fallen short, unable to secure the presidential nomination. (crowd chanting): mitt! mitt! >> the mitt romney in 2008 was partly a politician and very much a business person and totally a novice to what it meant to be a national candidate. >> narrator: he had spent $45 million of his own money on the campaign. >> on the plane back to boston, following his announcement, he turned to me and he said, "eric, what are you going to do? we've got to figure out what our people are going to do. they're going to be moving on into other jobs." this was not a person who was thinking about running again for president. i think he felt he had his opportunity and the door had closed to him. >> it's a whole new political world for the president. >> narrator: n
. >> narrator: he had changed his rhetoric on gun rights, gay rights, climate change and the tax pledge. he lost in iowa, new hampshire and florida. just one month into the primaries, romney's campaign was over. >> i entered this race because i love america. i feel i have to now stand aside for our party and for our country. >> narrator: romney had fallen short, unable to secure the presidential nomination. (crowd chanting): mitt! mitt! >> the mitt romney in 2008 was...
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kennedy tax cut. the taxes when kennedy was president were cut from 91% to 71%. the taxes were skewed toward the middle and lower class. the tax base was at 91 to 71 for the top margin. the tax rates for the top earners right now are fundamentally different. they're in the mid to high 30s. what i'm campaigning on is solving the fiscal crisis. and you know that if we don't have new revenue, that doesn't engage in tricks, the congressional research service says your tax cutting policy hasn't worked one time. paul ryan couldn't cite an example -- >> can i do a joe biden laugh now? >> sure, you can do it. you look terrific. you have teeth as good as his. >> i was just going to say i talked to a lot of major business leaders who want romney elected, but almost to a man and a woman they say, we're going to have to pay more taxes in our category. what they want to do, however, is to benchmark them against spending cuts so they can get spending down to 20% of gdp. there will have to be a combination in their judgment. and these are private business leaders who run big co
kennedy tax cut. the taxes when kennedy was president were cut from 91% to 71%. the taxes were skewed toward the middle and lower class. the tax base was at 91 to 71 for the top margin. the tax rates for the top earners right now are fundamentally different. they're in the mid to high 30s. what i'm campaigning on is solving the fiscal crisis. and you know that if we don't have new revenue, that doesn't engage in tricks, the congressional research service says your tax cutting policy hasn't...
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if passed funding from the tax and bond measures would rebuild and rehope willard pool, among others. >> it's sad to see the pool was filled with dirt. >> there are opponents of measures o and n. they argue the city should not undertake any major projects until it has cash to cover all unfunded liabilities. new this morning, san francisco is make bid to be the host city for the super bowl in 2016 or 2017. even though the 49ers are moving to santa clara. today san francisco chronicle reports mayor ed lee has been quietly working with the 49ers to be the host city, even though the game would be played at the new stadium in the south bay. tomorrow the league will announce whether san francisco is actually among the contenders. the paper said san francisco would host a series of events during the week leading up to the big game. 49er ceo reaffirmed on friday that he considers san francisco the team owes home. he says if the niners wane super bowl, the parade would be on market street. and lisa, we are wondering what santa clara mayor thinks about all of that. >> yeah, interesting. >> well
if passed funding from the tax and bond measures would rebuild and rehope willard pool, among others. >> it's sad to see the pool was filled with dirt. >> there are opponents of measures o and n. they argue the city should not undertake any major projects until it has cash to cover all unfunded liabilities. new this morning, san francisco is make bid to be the host city for the super bowl in 2016 or 2017. even though the 49ers are moving to santa clara. today san francisco chronicle...
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many do not have statewide taxes such as personal corporate income tax or sales tax. the top three have no corporate individual income taxes. at the bottom of the barrel when it comes to taxes and climate overall for job creating firms the worse five, rhode island, vermont, california, new jersey and dead last, number 50, new york. the states in the bottom ten all had this in common. they suffer from complicated nonneutral taxes with high rates compared to other places. now, the winner for most improved, maine. it went from 37th to 30th overall mainly because it repealed its alternative minimum tax. michigan also jumped in ranking by replacing the michigan business tax with a flat corporate income tax. this year these rankings are all the more interesting because so many cash starved states have been making changes and reforms and that can significantly change their rankings. back to you. >> shannon: brenda buttner. thank you very much. that is it for us here in washington. do not miss "fox news sunday" next. chris wallace is previewing the second presidential debate
many do not have statewide taxes such as personal corporate income tax or sales tax. the top three have no corporate individual income taxes. at the bottom of the barrel when it comes to taxes and climate overall for job creating firms the worse five, rhode island, vermont, california, new jersey and dead last, number 50, new york. the states in the bottom ten all had this in common. they suffer from complicated nonneutral taxes with high rates compared to other places. now, the winner for most...
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specifically the 20% across the board tax cut. why are they being so vague and will governor romney get specific at this debate? >> you know, it's funny. it cuts both ways. i think the reason they're not going specific is because they don't want to be attacked. they put the romney and ryan ticket on the defense. but i've heerd governor romney say this. he says i want to work in a bipartisan way. i want to work with democrats on capitol hill. i want to do what george w. bush did with no child left behind. that's to allow the congress -- that is to allow the legislative branch to be a part of the process. and thus in the process create or draft a piece of legislation that we can all work with. so i think it's a combination of both answers, alex. >> president obama had tough reviews following the first debate. what do you think is the greatest challenge in round two? >> the white house said to make adjustments. i think it's to make the adjustments without overcorrecting in some way. i don't think the voters want him to come out compl
specifically the 20% across the board tax cut. why are they being so vague and will governor romney get specific at this debate? >> you know, it's funny. it cuts both ways. i think the reason they're not going specific is because they don't want to be attacked. they put the romney and ryan ticket on the defense. but i've heerd governor romney say this. he says i want to work in a bipartisan way. i want to work with democrats on capitol hill. i want to do what george w. bush did with no...
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pledge and no new taxes. does that fit your bill? by the way, i'm not actually promising you a tax cut. it might just come out even. >> the only confusion is people don't -- >> that's fine with you. sorry. >> he wants to reduce marginal tax rates across the board for all americans, 20%, which is what reagan did, which is at john f. kennedy did. he also wants to do what reagan did in 1986, which is to have it end towards revenue neutrality and job creation as reagan and kennedy gave you, and eliminating some deductions and credits, all the tax credits that have funneled money to the administration's friends, not help the economy. let's get rid of those kind of corrupt deductions and credits and raise some money at the same time, but net, it's going to be a revenue-neutral at worst or a tax cut. >> part of what happened in the first debate, i think, and this will run back into the tax issue, is that people saw mitt romney and some thought, oh, he is not this scary person we've seen in the ads. he seemed reasona
pledge and no new taxes. does that fit your bill? by the way, i'm not actually promising you a tax cut. it might just come out even. >> the only confusion is people don't -- >> that's fine with you. sorry. >> he wants to reduce marginal tax rates across the board for all americans, 20%, which is what reagan did, which is at john f. kennedy did. he also wants to do what reagan did in 1986, which is to have it end towards revenue neutrality and job creation as reagan and kennedy...
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debate is rather than being one on the last debate so tied up in numbers and in the weeds as far as tax and deficits. i don't think the public understood what they were saying but paying attention to how they were saying it. this debate they could be asked about immigration, gay marriage and a whole variety of issue that is could take a different attack. >> maybe, but he has to push forward and have answers for those things. obama is ready for the last debate now. he is to forge ahead like the mayor says and make obama react to the new issues. >> what does the president have to do? >> he has to show he has the skills and ability to engage in an interchange with a person who is really pressing and pressing hard anatases do so in a presidential way, not just the new theory way. >> what was lacking you thought in his presidential prep performance last time? >> energy, knowledge, interest -- he looked board bored completely. he looked indifferent. he didn't respond to the missed allegations made by mr. romney. he has to be able to do all of that in a setting while at the same time maintaini
debate is rather than being one on the last debate so tied up in numbers and in the weeds as far as tax and deficits. i don't think the public understood what they were saying but paying attention to how they were saying it. this debate they could be asked about immigration, gay marriage and a whole variety of issue that is could take a different attack. >> maybe, but he has to push forward and have answers for those things. obama is ready for the last debate now. he is to forge ahead...
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experience as a creative writer, a writer of fiction affect your perception when you reread the classic tax, that should explicate, and also if you came out of writing the book with a particular favorite of all the writers that you profiled. >> first part, as the novelist myself, i know of the game's creative writers play when they're writing about. even the politicized minority might late be gay are you just regrow models. you just have to tell the most interesting story. and sometimes the characters are doing things you don't want them to do and you have to let that happen. serve reading the books and seen -- i would cut these writers such as lack and secular mike in its history since it is another. there's a couple places where james alden later novels so off the boil. he just wanted to finish the thing in the book doesn't really quite work. tell me how long the train has been gone. and i would cut him some slack there because it does happen. you can't kind of take this moral high ground. so i think i was more sympathetic than a pure, literary critic would be if he and telling the story.
experience as a creative writer, a writer of fiction affect your perception when you reread the classic tax, that should explicate, and also if you came out of writing the book with a particular favorite of all the writers that you profiled. >> first part, as the novelist myself, i know of the game's creative writers play when they're writing about. even the politicized minority might late be gay are you just regrow models. you just have to tell the most interesting story. and sometimes...
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abortion, one, afghanistan another, medicare, taxes. that's what the obama campaign came out of saying that's where they thought he scored. they're -- they spent this weekend an they're going to spend every moment talking to people, figuring out which ones they can now exploit. chris: it's about policy differences. >> and trying to reach the groups. they're very precise about what sort of margins they need in certain groups, and how do they exploit that. that makes an overarching argument, but how do they move voters in the votes they need in the swing states? >> the issue that hasn't come up yet is immigration. we know how important latinos are in the swing states. chris: we asked the matthews meters -- could the obama team have played things smarter after the debacle in denver in that first debate? 11 say yes, they could have done it better. one person said something like, "heck, yeah." and some lodged their votes with multiple exclamation points. including you, john. [laughter] >> i was in all caps with a lot of exclamation points. c
abortion, one, afghanistan another, medicare, taxes. that's what the obama campaign came out of saying that's where they thought he scored. they're -- they spent this weekend an they're going to spend every moment talking to people, figuring out which ones they can now exploit. chris: it's about policy differences. >> and trying to reach the groups. they're very precise about what sort of margins they need in certain groups, and how do they exploit that. that makes an overarching...
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on the tax cut where they challenged biden. on med i karks frankly i have to ask where is the press on that. there's been some substantive coverage but it hasn't been the main theme. >> you're right about that and i think biden in that sense made a mistake because he gave his opponent as chance to focus on the theatrics and not the substance. take one very good example where he skewer ryan on the question of the stimulus where ryan as a congressional representative from gainesville had twice asked for money from the constituencies. that kind of story has gotten buried in all of the talk about the theatrics. so the democrats are cheering biden, but he made a mistake by giving his opponent a chance to focus on the theatrics. >> is there so much media attention on his smiling and smurking aside in part because prot did so poorly in that first debate. >> yes. and of the particular way that president did badly. if you follow the theory, this is a visual contest, that what biden did to ryan, maybe he didn't make sense, maybe he told
on the tax cut where they challenged biden. on med i karks frankly i have to ask where is the press on that. there's been some substantive coverage but it hasn't been the main theme. >> you're right about that and i think biden in that sense made a mistake because he gave his opponent as chance to focus on the theatrics and not the substance. take one very good example where he skewer ryan on the question of the stimulus where ryan as a congressional representative from gainesville had...
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. >> it is one of those tax measures on the ballot. i think it is important because it is proposed by tom star, a billionaire hedge fund management man, and someone very involved in green energy issues. this is what a lot of people say is an effort to fix loopholes for out-of-state company, requiring them to calculate their california sale's tax based on the percentage of sales they have in california. so, like this amazon that sells lots of stuff in california but is based out of california would have to pay a higher tax. that money would go to clean energy projects. >> there are two other propositions. i don't have time to get into the details too much except they repeal things. prop 34 will end the death penalty and replace it with life with no parole. >> cost. >> the cost, right. >> is that a valid representation. >> tax payers will actually get the -- it has happened. >> and proposition 36 repeals three strikes so people don't end up with some punishment for -- . >> it is just repealing it. you have to committed a invite lent crim
. >> it is one of those tax measures on the ballot. i think it is important because it is proposed by tom star, a billionaire hedge fund management man, and someone very involved in green energy issues. this is what a lot of people say is an effort to fix loopholes for out-of-state company, requiring them to calculate their california sale's tax based on the percentage of sales they have in california. so, like this amazon that sells lots of stuff in california but is based out of...
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renewals or any new tax if they don't live there any more? it's kind of a ridiculous argument, and again, i come back to individuals who have not voted in two consecutive federal elections after you've been on the list, and that's important to indicate. you haven't voted in almost half a decade and almost the mail is being returned or any attempt is being ignored. so i don't understand what the big argument is over this. we're just doing our job, and every secretary of state in the country has to do it. they have to follow federal and state law. >> the way to get off that list, vote. >> just go vote. >> all right. secretary of state tom schedler, thank you so much. here's their address, by the way. we'll be right back. th stain-blocker from the home depot... ...the best selling paint and primer in one that now eliminates stains. so it paints over stained surfaces, scuffed surfaces, just about any surface. what do you say we go where no paint has gone before, and end up some place beautiful. more saving. more doing. that's the power of the hom
renewals or any new tax if they don't live there any more? it's kind of a ridiculous argument, and again, i come back to individuals who have not voted in two consecutive federal elections after you've been on the list, and that's important to indicate. you haven't voted in almost half a decade and almost the mail is being returned or any attempt is being ignored. so i don't understand what the big argument is over this. we're just doing our job, and every secretary of state in the country has...
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don't raise taxes on small businesses. they're our job creators. >> smiling and laughing while congressman ryan was talking about serious issues. was his body language at all, his facial expressions counterproductive? >> not at all. i'm happy to defend my dad. i don't think he needs defending. anytime folks on the far right are going after my father for smiling too much, that's a victory. my father spoke clearly to the american people about the facts. he did that for 90 minutes straight. this is not about how much my father smiled or how many gallons of water the congressman drank nervously on the stage. it's about talking directly to the american people about very important facts. what you say from my father was him articulating the vision that he and the president have and continuing to build the middle class out and take the country forward. i was struck by paul ryan on a number of fronts. especially the position on afghanistan. i feel very strongly about that. >> i want to get to that -- go ahead, i'm sorry. >> yeah, s
don't raise taxes on small businesses. they're our job creators. >> smiling and laughing while congressman ryan was talking about serious issues. was his body language at all, his facial expressions counterproductive? >> not at all. i'm happy to defend my dad. i don't think he needs defending. anytime folks on the far right are going after my father for smiling too much, that's a victory. my father spoke clearly to the american people about the facts. he did that for 90 minutes...
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tax cut unless you give the tax cut for the super wealthy. it is about time they take some responsibility. >> joe and i are from similar towns. do you know what the unemployment rate in scranton is today? 10%. that is how is going all around america. >> that is not how it is going. it is going down. >> did they inherit a tough situation? absolutely. but we're going in the wrong direction. the economy is barely limping along. job growth in september was slower than it was in august and august was slower than it was in july. we're heading in the wrong direction. 23 million americans are struggling for work. 15% of americans are living in poverty. this is not what a real recovery looks like. we need real reforms for a real recovery. that is exactly what we are proposing. get america energy independent by the end of the decade. get this deficit and debt under control. make trade work for america. champion small businesses, do not raise taxes on small businesses. they are our job creators. he talks about detroit. mitt romney is a car guy. this is
tax cut unless you give the tax cut for the super wealthy. it is about time they take some responsibility. >> joe and i are from similar towns. do you know what the unemployment rate in scranton is today? 10%. that is how is going all around america. >> that is not how it is going. it is going down. >> did they inherit a tough situation? absolutely. but we're going in the wrong direction. the economy is barely limping along. job growth in september was slower than it was in...
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he won't talk as katrina mentioned how you do the tax plan. when he does a foreign policy speech as he says is, "i'll be tougher than barack obama" without saying what he will and endorses most of barack obama's foreign policy. so what we're getting a lot from quar campaign-- you guys are really good at this. i don't work for a campaign so it's not kind of an even fight here-- from your campaign a lot of top-line rhetoric-- i'm strong, he's weak, i can make the economy better. he can't, without either filling in the specifics-- >> the specifics are there. >> go back to the one thing-- >> how to create jobs. >> go back to the one big issue, the big tax cut plan. he will not say how to pay for it. in fact they say over and over again we don't want to give that away. it's like it-- you remember nixon's secret plan-- you remember nixon's secret plan to end the vietnam war? it didn't exist. he just said he had one, and we see the same thing. you guys are so smart. if paul ryan is such a smart guy, he should be able to explain this. >> listen, we do
he won't talk as katrina mentioned how you do the tax plan. when he does a foreign policy speech as he says is, "i'll be tougher than barack obama" without saying what he will and endorses most of barack obama's foreign policy. so what we're getting a lot from quar campaign-- you guys are really good at this. i don't work for a campaign so it's not kind of an even fight here-- from your campaign a lot of top-line rhetoric-- i'm strong, he's weak, i can make the economy better. he...
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this is a tax in and of itself. i'll call it the economy tax. i'm not going to raise taxes on anyone. my plan is to bring down rates to get more people working. my priority is putting people back to work in america. i'm mitt romney and i approve this message. >> welcome back. john, tell me something i don't know. >> clinton is doing a lot of stuff for president obama, raising a lot of money. he's in a lot of the ads. look, you've still not done a joint campaign event so far. there's time reserved in the homestretch. you're going to see bill clinton and barack obama together a lot. chris: like the old motorcades with ike and dixon, the canons of new york. i love it. tell me something i don't know. >> early voting, as we all know, has been going on, and we're starting to get some indication of how it's going. over half a million votes have already been cast. both sides are spinning the numbers. so far it looks like republicans are doing better than they did in 2008 and the democrats are doing better also, solt margin is smaller than it was at some
this is a tax in and of itself. i'll call it the economy tax. i'm not going to raise taxes on anyone. my plan is to bring down rates to get more people working. my priority is putting people back to work in america. i'm mitt romney and i approve this message. >> welcome back. john, tell me something i don't know. >> clinton is doing a lot of stuff for president obama, raising a lot of money. he's in a lot of the ads. look, you've still not done a joint campaign event so far. there's...
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>> reporter: team obama tells us the president will go after romney on his tax cut plans and his ideas for winding down the war in afghanistan. but in tuesday's debate, it will be audience members who will be asking the questions in the town hall format. >> he's got to be able to go on offense without being offensive to the audience. he's got to go on offense and defend his vision, his path to where he'd take the country in a second term. >> how about a week ago i had a debate, and i did enjoy myself. >> reporter: as for romney, who is energized by the momentum and bigger crowds he's seen since the debate, our debate coach says, keep it up. >> i can't imagine that governor romney would get overconfident, but he needs to keep doing much of the same he did in the first debate. >> reporter: the big face-off at hofstra set for tuesday night. and the campaigns continue to raise cash. the obama campaign has just announced that it has more than 4 million donors this cycle. that's a presidential record, dan and bianna. >> david kerley, thank you. >>> and for much more on tuesday's debate, let'
>> reporter: team obama tells us the president will go after romney on his tax cut plans and his ideas for winding down the war in afghanistan. but in tuesday's debate, it will be audience members who will be asking the questions in the town hall format. >> he's got to be able to go on offense without being offensive to the audience. he's got to go on offense and defend his vision, his path to where he'd take the country in a second term. >> how about a week ago i had a...
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. >> he says he's going raise taxes. does anyone really think raising taxes on anyone helps get more people to work? the president's plan is status quo. more of the same. he calls it forward. i call it forewarned. >> of course that was mitt romney. he and his runningmate are in the swing state of ohio this weekend. romney spoke to large crowd and hammered the president on china, job creation and taxes. ryan told voters in the manufacturing state that the president's china policies have cost the country manufacturing jobs. now, with just three weeks to go, obama's campaign has made the record books. it has surpassed 4 million donors so far setting a new presidential campaign record for the total number of donors the obama campaign has raised half of money from donation under $200 close to reaching $1 billion raised between the campaign and national democratic committee. mitt romney and republicans are on track to raise $800 million or more by election day. >>> a warning for dog owners as a recall involving dog's treats. t
. >> he says he's going raise taxes. does anyone really think raising taxes on anyone helps get more people to work? the president's plan is status quo. more of the same. he calls it forward. i call it forewarned. >> of course that was mitt romney. he and his runningmate are in the swing state of ohio this weekend. romney spoke to large crowd and hammered the president on china, job creation and taxes. ryan told voters in the manufacturing state that the president's china policies...
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rate for the next four years and put in place a progressive income tax. for those earnings. more than $250,000 a year. >> 89% of the money new would go through k through 12 with community colleges. >> they gathered at the ocean beach to put out a serious message. >> phil: they join to form the words. >> they are angry about the 2010 discussion to make corporations make unloaded contributions to political action committees. >> this is what people are concerned about. >> we hope the tide is turning on the government and we will take back our country for the people. >> here is an aerial photo of the human banner. >> the,er is a san francisco cab driver who has put together a dozen of these events offer the years. >> it is the balk for big bird. >> demonstration is going to be hill on the national mall in washington. >> three days before the march, it is for mitt romney's comment in which he plans to end the get rally support sub sit did i of pbs which offers such shows assess me street. >> they are being felt at many california restaurants. >> they are start
rate for the next four years and put in place a progressive income tax. for those earnings. more than $250,000 a year. >> 89% of the money new would go through k through 12 with community colleges. >> they gathered at the ocean beach to put out a serious message. >> phil: they join to form the words. >> they are angry about the 2010 discussion to make corporations make unloaded contributions to political action committees. >> this is what people are concerned...
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that they would close some loopholes in the tax code and eliminate some tax deductions. >> however, the tax policy centers say the math does not end up, and it is unclear how he would achieve his goals. >> now to the ad from the romney campaign that takes a shot at president obama from running up the debt. >> the four deficits are the four large zest u.s. history. he is adding as much debt -- >> the debt held by the public having increased by about 79% by upon. so when obama came to office, there was an officially projected deficit of $1.2 trillion. so he's not on the took for all of that. >> so, some good advice -- >> they blame to take the factual high ground and then go on to distort some of the facts. in our experience, any time a political campaign tells you they're giving you the facts, you're probably about to be bamboozled. >> special interest groups are spending big bucks trying to sway voters. it would pave the way for a casey know in prince georges county. that's on base to exceed candidate spending in the past two governor's races combined. there has also been big spendi
that they would close some loopholes in the tax code and eliminate some tax deductions. >> however, the tax policy centers say the math does not end up, and it is unclear how he would achieve his goals. >> now to the ad from the romney campaign that takes a shot at president obama from running up the debt. >> the four deficits are the four large zest u.s. history. he is adding as much debt -- >> the debt held by the public having increased by about 79% by upon. so when...
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he nailed paul ryan a couple of times specificly on the lack of any details on the tax plan. sesecondlyly paul ryan's request fostimulus funds two w written requests. that was one of the few times that paul ryan knew better than to respond. >> what about medicare and social security and up with the middle-class and? >> could be your a all day. at least they had a discussion about the economy as opposed to lalast weekk in the one-sided coersation. something ey should have touched on was immigration and edation. but i think they were guided pretty much by the moderator. i think she did a great job in conducting this. i don't find the debate wanting on substantive issues. >> if you're my age and you are watching this thing and you're worried about m medicare and social security, charles, which of these individuals do believe? >> it depends on who you arere predisposed to believe. joe biden is a new deal liberal. whereas his own president is willing to contemplate, say, raising the retirementt age, joe biden said, no, we will not toucthese things. these things are sacred. everybo
he nailed paul ryan a couple of times specificly on the lack of any details on the tax plan. sesecondlyly paul ryan's request fostimulus funds two w written requests. that was one of the few times that paul ryan knew better than to respond. >> what about medicare and social security and up with the middle-class and? >> could be your a all day. at least they had a discussion about the economy as opposed to lalast weekk in the one-sided coersation. something ey should have touched on...